Officers from the Criminal Assets Bureau have seized cash and a luxury car as part of an investigation into a Moldovan organised crime gang.
The leader of the gang, which has extensive contacts in Europe, is regarded as a major drugs supplier by police forces on the continent.
Gardai have been investigating the alleged activities of members of the gang, who are suspected of being involved in the sale and supply of drugs.
As part of the raid gardai seized a 171-registered white AMG Mercedes Benz C200 coupe, various electronic devices, and €5,000 in cash.
Pictures released by the gardai reveal that the lavish property complete with tennis court. The property also includes an opulent bathroom complete with a statuette of a lion climbing a golden sphere, a free standing bathtub, and a fur rug draped over a towel stand.
The Criminal Assets Bureau (CAB) operation stemmed from the seizure of cannabis, with a street value of €1m, more than a year ago.
Officers carried out a raid on a house in the Drogheda area today, backed up by members of the Emergency Response Unit and the Revenue dog unit.
They were also accompanied by an expert in property valuation.
The expert has been asked to assess the cost of extensive re-development and renovation on the residential property, which was searched today.
CAB has been using the expertise of architects and property valuers to assess purchase and renovation costs since they raided properties, owned by close Kinahan associate, Liam Byrne and others.
During the search officers seized about €5,000 in cash and the white AMG Mercedes Benz C200 coupe, estimated to be worth about €40,000.
Banking records, assorted documentation, and electronic devices including laptops and mobile phones were taken away for detailed forensic examination.
The CAB also secured a court order restraining about €30,000, held in a financial institution.
Gardai said officially that the ongoing CAB investigating was targeting assets linked to a Moldovan organised crime group suspected of being heavily involved in the sale and supply of illicit drugs.
They described the search operation as a significant development in the identification of assets, including property, linked to the organised crime group and acquired with the proceeds of crime.
In particular, gardai said, the investigation was focused on the purchase and extensive re-development of the residential property that had been searched today.
The suspected leader of the gang has been described by police officers overseas as a “big player” in the supply of drugs in Europe.